Kim says the recovery will be driven by pent-up demand from an expanding mass market.ĭS Kim cited two reasons for the optimistic outlook: Macau’s policy allowing the government to lower taxes by up to 5 percentage points for operators that attract more foreign tourists and an increase in the market-wide cap on gaming tables to 6,000 from January (around 4,000 tables were directly operated by casinos in 2019).
See also: Macau casinos to increase non-gaming investment if GGR reaches US$22.45bn Macau to reach 95% of pre-pandemic levels in 2024 – JP MorganĭS Kim, an analyst with JP Morgan, has predicted that Macau’s gaming industry could reach 95 per cent of pre-pandemic levels in two years’ time. That’s just 14 per cent of pre-pandemic 2019 and the lowest yearly figure since 2004. The Macau government has made public the maximum number of licensed gaming promoters also known as ‘junkets’ that each of the city’s casino operator will be able to work with in 2024. Macau.- According to data released by the Gaming Inspection and Coordination Bureau (DICJ), Macau’s casinos reported MOP3.48bn (US$433n) in gross gaming revenue in December, down by 56.3 per cent year-on-year but up 16 per cent from the previous month.įor full-year 2022, Macau’s casino GGR decreased by 51.4 per cent compared with 2021 to MOP42.19bn (US$5.25bn). MACAO - A newly-promulgated law, which raises the minimum age to enter and work in a casino from 18 to 21 years, came into effect on Thursday in Macao Special Administrative Region.
Macau’s gross gaming revenue was US$5.25bn for the full year.
